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Enron Mail |
Alan, our goal is for Enron Trading Services to clear Enron's futures and
leverage broker/order routing service through EOL. The first step is to pull together an internal study via David Dupre and Sarah Wesner Soong in Houston to define tangibles/financial return. Sarah voiced concern with providing this information without legal authorization. Please consider the issue and advise Regards Craig Young Study should include: List of exchanges traded List of clearing firms and fee/brokerage structure Finance packages offered by the firm High/Low/Average open margin Total commission per quarter Firm relationships/special services Daily volume of exchange traded contracts x units x value Heading Examples for Clearig Firms: Exchange/Commodity Clearing Fee Exchange Fee NFA Fee EFP Fee Pit Brokerage Clearing Fee Delivery Fee Option exercise/assignment Fee Access or Globex Fee Give-up Fee Half Turn Commissions Credit Special services From this study Enron can define: Amount of regulated capital- proprietary/customer Exchange memberships requirements Order routing and systems Value information provided through order flow/open positions Ability/Cost to provide service on EOL Added dollar velocity through EOL Regulation issues or concerns Risk assessment -- real time mark to market Centralise cash management and efficiencies Reduced overall margin Credit cost/opportunity Human resources From: Alan Aronowitz on 10/03/2000 04:35 PM To: craig.young@enron.com cc: Subject: Your call Got your voice mail. I'm in meetings right now. Could you call me tomorrow morning so we can discuss what you would like for us to do? Alan
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